股票代码：600865 股票简称：百大集团 编号：临2026-001 二、对上市公司的影响 截至2026年1月5日，公司剩余持有杭州银行4,376,436股。出售杭州银行股票获得的收益以及现持有杭州 银行股票的公允价值变动将对公司净利润产生影响。具体的会计处理以及对公司2025年度损益的影响情 况仍须以会计师年度审计确认后的结果为准，敬请广大投资者注意投资风险。 特此公告。 百大集团股份有限公司 董事会 百大集团股份有限公司 关于处置杭州银行股票的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 一、处置杭州银行股票的进展情况 百大集团股份有限公司（以下简称"公司"）股东大会同意授权管理层择机处置杭州银行股票，详见在指 定媒体上披露的相关公告。2025年1月1日至2025年12月31日，公司通过上海证券交易所股票交易系统以 集中竞价方式累计出售杭州银行股票4,915,109股，累计成交金额为77,121,060.69元，占公司最近一期经 审计净资产的3.29%；累计影响归属于上市公司股东的净利润5,927,069.69 ...

格隆汇1月5日丨百大集团(600865.SH)公布，2025年1月1日至2025年12月31日，公司通过上海证券交易 所股票交易系统以集中竞价方式累计出售杭州银行股票491.51万股，累计成交金额为7712.11万元，占公 司最近一期经审计净资产的3.29%；累计影响归属于上市公司股东的净利润592.71万元，占公司最近一 期经审计归属于上市公司股东净利润的4.46%。 ...

Core Viewpoint - Westpac Banking Corp (ASX: WBC) is currently trading around $38, and various valuation models are utilized to assess its share price, including the Price-Earnings (PE) ratio and the Dividend Discount Model (DDM) [1][3][9]. Valuation Models - The PE ratio compares a company's share price to its earnings per share, with WBC's current PE ratio calculated at 20x, compared to the banking sector average of 19x, suggesting a sector-adjusted valuation of $37.30 [5][8]. - The DDM focuses on future dividend forecasts rather than profits, with WBC's last year's dividend at $1.66, leading to a valuation of $35.10 under standard assumptions, and $34.05 using an adjusted dividend payment [10][13]. - When considering fully franked dividends, the valuation based on a gross dividend payment of $2.30 results in a share price valuation of $48.64 [14]. Growth and Risk Assumptions - Different growth rates (2% to 4%) and risk rates (6% to 11%) yield a range of valuations, with the highest valuation at $80.50 under a 4% growth rate and 6% risk rate [15]. - The analysis emphasizes the importance of understanding the growth in total loans on the balance sheet, as rapid growth may indicate higher risk, while slow growth may suggest conservatism [17]. Financial Health Indicators - Key areas to analyze include provisions for bad loans, assessment rules for bad loans, and sources of capital, with a focus on the cost of capital acquisition [18].